ECB’s ‘qualitative easing’ is more ‘quantitative easing,’ Davies tells King World News

GATA 10:12p ET Wednesday, December 7, 2011 Dear Friend of GATA and Gold: Hinde Capital CEO Ben Davies tonight tells King World News that the European Central Bank’s plan for “qualitative easing” will be a form of “quantitative easing,” more money creation to prop up troublesome banks. An excerpt from the interview is posted at [...]

QE II Not Enough To Save Credit Cycle

By Captain Hook, Treasure Chests That should read widely anticipated Quantitative Easing (QE) is not enough to save the economy from a contraction in the larger credit cycle, however titles need to be catchy. And that’s basically what sparked the sell-off in stocks yesterday, reflected in a reversal of high yield bonds, which as you know we [...]

The Fear Of God

By Captain Hook, Treasure Chests The fear of God – or the perception of power – this is the primary tool of the Fed these days. It’s not credibility anymore, as this has been damaged to the same extent as its balance sheet. This is widely understood as a primary fundamental within the larger scheme [...]

Some Ironic Possibilities for the British Pound

Clive Corcoran submits: The following are some musings on the U.K. economy, prompted by an adage that seems quite appropriate for our times of thinking the unthinkable. The U.K. public finances are in dire straits with a likely deficit this year well in excess of £200 billion and with red ink as far as the [...]

Gold’s Real Inflation Adjusted High Is $7,150/oz

Mark O’Byrne submits: Gold Gold is trading at $1.063/oz this morning and traded between $1,048/oz and $1,066/oz over the last 24 hrs. In EUR and GBP terms, gold is trading at €710/oz and £648/oz respectively. Gold continues to gradually eke out gains and consolidate at near record levels on continuing oil strength and dollar weakness. [...]

Gold Falls Hard, UK Pound Leaps; Still “Early Days” for Quantitative Easing as Goldman Pays Staff 78% More than Stockholders

By Adrian Ash, GoldSeek London Gold Market Report THE PRICE OF GOLD fell sharply on Thursday morning in London, losing 2% from yesterday’s new record high to unwind all of the week’s gains-so-far for Dollar investors. European shares ticked lower and New York equity futures pointed down after the Dow Jones index closed last night above the 10,000 [...]

Capital Gold Group Report: DOLLAR DECLINE GAINING MOMENTUM: ‘Benign currency neglect’ could spell real danger for US economy – A Foreign News Perspective

What’s happening to the dollar? That’s the question dominating the world’s financial markets. Last week the US currency fell, on a trade-weighted basis, to a fresh 14-month low. The dollar’s decline is now gaining momentum. By Liam Halligan Published: 7:22PM BST 10 Oct 2009 Many American economists say the greenback is falling because the global [...]

Don’t Trust the Dollar Strength

The Daily Reckoning As predicted, both the European Central Bank and the Bank of England kept their benchmark interest rates at record lows in an effort to keep stimulating their economies. Trichet signaled that the ECB has no plans to raise rates in the near future, stating that the current level is ‘appropriate’ for the [...]

US Dollar in Need of a Tourniquet

The Daily Reckoning OK, front and center this morning, gold has soared to another all-time high! When I turned on the screen this morning, gold was flashing a great big $1,055 figure… WOW! But wait! Gold – and silver for that matter – aren’t the only risk assets moving higher… All 16 of the countries [...]

Feeling Queasy?

Bullion Vault Quantitative easing in the US, UK and Eurozone… BY END-JULY 2009, sales of new US Treasury bonds had already outstripped full-year sales in calendar 2008.Creating money from nowhere, the Fed’s asset-purchase scheme – better known as quantitative easing – bought bonds equal to more than 18% of that 7-month record, effectively financing $224bn [...]

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